According to statistics, the population in Lebanon, KY amounts to 5,584, which shows decline 0% compared to the previous year. The median age of the city’s residents is 43. The average household income is $29,288, shifting decline -5% from the past year, and the average property value in Lebanon, KY decline -1% to $90,700 throughout the year.
Population | 5,584 |
Median Age | 43 |
Poverty Rate | 29% |
Household Income | $29,288 |
Number Of Employees | 2,089 |
Median Property Value | $90,700 |
The average household income in Lebanon, KY declined from $30,875 to $29,288 in the past year. This data is an estimate based upon 2,631 households in Lebanon, KY . The chart below presents how household income is distributed in Lebanon, KY in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Lebanon, KY shifted from $92,000 to $90,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lebanon, KY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lebanon, KY properties falls in the '$90,000 to $99,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lebanon, KY compared to median property taxes around the country. The prevalent amount of property taxes in Lebanon, KY equals $800, which is less than the national average.
Apartment Size | Feb | vs Last Month |
---|---|---|
Studio apartments | $396,000 | -0.3% |
3-bed apartments | $185,700 | +1.1% |
4+ bed apartments | $249,900 | +0% |
During February 2023, the average price for an apartment in/near Lebanon, KY increased by 2.3% to $241,272.
Knowing the current property prices is key if you plan to buy a studio in Lebanon, KY. The average price for a studio has decreased since the last month, currently being $396,000. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $74,900. A 3-bed apartment goes for $185,700, it increased by 1.1% lately. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $249,900 for a big-family home.
Listing Type | Feb | vs Last Month |
---|---|---|
Houses for sale | $241,272 | +0.6% |
Price reports demonstrate that house price increased by 0.6% this month making it up to $241,272. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $26,500.